Architect’s rendering of the LaSalle school on Perrier redeveloped into condominiums (via lasallenola.com)

All 12 condominium units in the former LaSalle School building on Perrier street have sold out at prices up to $3 million before the development even opens, showing the strength of the market for luxury homes in Uptown New Orleans, according to a report in the Wall Street Journal. “The average home price in New Orleans increased by 15% this January compared to a year ago,” the report notes, and in 2012, fully 8 percent of the city’s population had been here less than a year.